With key parts of the EU’s landmark AI Act set to take effect as early as August, over 40 European CEOs—including chipmaking tool giant ASML and big techs Philips and Siemens—are calling for a two-year delay, warning that rushing the rollout could hurt Europe’s global competitiveness and sta...

TCL CSOT announced via its official WeChat account that Xiaomi officially launched its second mass-produced electric vehicle, the YU7, during the "Xiaomi Human-Car-Home Full Ecosystem Launch Event" held on June 26 at 7:00 p.m. The vehicle features panoramic curved projection displays, HyperVision, a...

Tech industry layoffs are continuing. According to Bloomberg, TikTok is conducting another round of job cuts within its U.S. e-commerce unit, TikTok Shop—marking the third round of layoffs for them since April. The company did not respond to inquiries about the number of employees affected, the re...

According to Commercial Times, following the success of DeepSeek-R1 earlier this year, major Chinese tech companies have been actively advancing the development of open-source AI models, driving down the cost of using large models by 60% to 80%. Notably, on June 30, both Baidu and Huawei announced ...

Just a week after launch, Xiaomi’s second EV, the YU7, priced at 253,500 yuan ($35,360) and nearly 4% cheaper than Tesla’s Model Y, racked up 240,000 orders in just 18 hours, Reuters reports. Meanwhile, Commercial Times highlights TSMC as a big winner, since Qualcomm’s Snapdragon 8 Gen 3 and N...